HANOI (AFP) – United States chip giant Nvidia wants to set up a base in Vietnam to develop its semiconductor industry, its chairman and Chief Executive Officer Jensen Huang was quoted as saying by the Vietnamese government.
Huang is visiting the country as it looks to boost investment in its growing semiconductor industry.
During a meeting with Vietnam’s Prime Minister Pham Minh Chinh, Huang said Nvidia wants to set up a base in the country, according to a report published late on Sunday on the government’s official website.
The report said Huang rated Vietnam’s potential in the information technology sector highly, and said Nvidia had invested around USD250 million in the country.
Several chip giants have opened or expanded their activities in Vietnam. In October, South Korean company Amkor opened a new USD1.6 billion packaging factory while Hana Micron opened a USD600 million packaging factory a month earlier.
Vietnam has around 6,000 engineers in the semiconductor industry but it needs thousands more. It aims to increase the number to 50,000 by 2030.
